The future of racing tax revenues is up for debate.The future of racing tax revenues is up for debate. Photo: Anthony Johnson

Racing minister Troy Grant has indicated any financial windfall for the racing industry from betting-tax parity will be delivered via a future-fund model controlled by the government.

Racing NSW has fought a long battle to get tax parity and its strategic plan released last year set out how it hoped to use any extra funding, which would come from tax parity, including $50 million in prizemoney.